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Bill

SB 388

1977 pension and disability fund.

2025 Regular Session Introduced by Scott Baldwin and 10 co-sponsors

SB 388 modifies Indiana's 1977 Pension and Disability Fund structure to address retirement and disability benefits for covered public employees through benefit or funding adjustments.

Representatives Bartels, Judy, Gore added as cosponsors
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Bill Summary · SB 388

Legislative bill overview

SB 388 addresses the 1977 Indiana Pension and Disability Fund, which provides retirement and disability benefits to certain public employees covered under this specific pension system. The bill has progressed through initial committee review with a favorable recommendation and is currently under consideration in the Ways and Means Committee following recommittal.

Why is this important

Pension and disability funds directly affect the retirement security of covered public employees and have significant fiscal implications for state budgets. Changes to these funds can impact benefit levels, contribution rates, funding mechanisms, or eligibility requirements for current and future retirees across Indiana's public workforce.

Potential points of contention

  • Funding mechanism and cost allocation – Whether increased contributions come from employees, employers, or general state revenue, affecting workforce compensation and state budget priorities
  • Benefit adequacy versus affordability – Balancing adequate retirement income for public employees against the state's fiscal capacity to fund pension obligations long-term
  • Scope of coverage and eligibility – Which employees are included in the fund and any proposed changes to eligibility criteria or benefit formulas could create fairness concerns

Compiled from official sources — confirm details with the bill’s official record.

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